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Cash also has costs unique to its physical holding like counting, security, transport, storage and theft. As a % I guess this would vary by business but would b
by Gustomaximus 12y ago
Cash also has costs unique to its physical holding like counting, security, transport, storage and theft. As a % I guess this would vary by business but would balance some against the clip payment companies take.
- bostik 12y ago> [...] counting, security, transport, storage and theft. And oddly enough, the first and last item on that list are not too far apart. Banks / payment companies charge fees to count cash deposits, and they sell the currency back (coin rolls in particular) with a premium. Skimming - coming and going.